ICICI Lombard Q2FY26: The General Insurance Company announced an interim dividend of Rs 6.50 per equity share for FY26. The board approved the payout during its meeting held alongside the audited financial results for the quarter and half-year ended September 30, 2025.
The dividend represents 65% of the face value of Rs 10 per share and marks another mid-year reward for shareholders after a solid first-half performance.
ICICI Lombard share price was trading in green, up around 6.8% on October 15, at the time of writing this report. The stock has given a return of around 8% in last six months.
ICICI Lombard Dividend 2025: Record date and payment schedule confirmed
The insurer has fixed October 23 as the record date to determine shareholder eligibility for the interim dividend. The payment will be completed on or before November 12 subject to tax deduction at source.
This continues the company’s practice of timely dividend distribution, following last year’s combined payout of Rs 12.50 per share (Rs 5.50 interim and Rs 7.00 final).
ICICI Lombard Dividend 2025: Dividend yield
Over the last year, ICICI Lombard General Insurance Company Ltd. distributed a total dividend of Rs 12.50 per share to its shareholders. Based on the current market price of Rs 1,995.50, this translates into a dividend yield of approximately 0.63%.
ICICI Lombard Dividend 2025: Profit rises to Rs 819.5 crore in Q2FY26
For the quarter ended September 30, 2025, ICICI Lombard reported a net profit of Rs 819.5 crore, up from Rs 693.9 crore a year ago. Profit before tax rose to Rs 1,077.3 crore from Rs 919 crore.
Gross written premiums (GWP) increased to Rs 70,586.6 crore from Rs 69,463 crore, with growth led by motor and health portfolios. The company’s net premium earned stood at Rs 5,651.6 crore, while investment income came in at Rs 898.9 crore.
Total income for the quarter rose to Rs 6,582.7 crore, up from Rs 5,850.6 crore last year.
ICICI Lombard Dividend 2025: Combined ratio steady at 105.1%
Despite higher management expenses, ICICI Lombard maintained underwriting discipline. The combined ratio for Q2FY26 stood at 105.1%, compared with 104.5% last year.
The incurred claim ratio was 72.1%, while the expense ratio increased marginally to 31.9%. The company’s underwriting profit stood at Rs 117.8 crore, against a loss of Rs 16.1 crore in the same period last year.
ICICI Lombard Q2FY26: Impact of IRDAI premium recognition change
The insurer noted a regulatory impact from the IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024, effective October 1, 2024. The rule change, recognising gross written premium on a “1/n” basis for long-term products, reduced reported gross premiums by Rs 3,607.8 crore for the quarter.
However, it also lowered commission expenses, resulting in a net positive effect of Rs 14.3 crore on operating profit and a Rs 10.9 crore boost to profit after tax.
ICICI Lombard Q2FY26: Motor and health remain key growth drivers
Motor and health insurance together contributed nearly 70% of earned premiums. The motor portfolio recorded net premium earned of Rs 2,728.5 crore, up from Rs 2,482.2 crore, backed by steady renewals and improved pricing.
In health, the retail segment rose sharply to Rs 503.7 crore from Rs 334.9 crore, while group and corporate health generated Rs 1,542.6 crore, up from Rs 1,346.2 crore a year ago.
ICICI Lombard Q2FY26: Investment book crosses Rs 5.6 lakh crore
Total investments stood at Rs 5.62 lakh crore as of September 30, 2025, up from Rs 5.35 lakh crore at the end of March. Shareholder investments were Rs 1.51 lakh crore, while policyholder funds stood at Rs 4.11 lakh crore.
Investment yield i.e. without unrealised gains was 2.19% for the second quarter and 4.55% for the half year. Including unrealised gains, the yield was 4.08%.